Park Hotels & Resorts (FRA:HIP) Price-to-Tangible-Book : 0.95 (As of Apr. 24, 2024)

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What is Park Hotels & Resorts Price-to-Tangible-Book?

As of today (2024-04-24), Park Hotels & Resorts's share price is €15.60. Park Hotels & Resorts's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €16.47. Hence, Park Hotels & Resorts's Price to Tangible Book Ratio of today is 0.95.

The historical rank and industry rank for Park Hotels & Resorts's Price-to-Tangible-Book or its related term are showing as below:

FRA:HIP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 1.03 Max: 1.84
Current: 0.93

During the past 11 years, Park Hotels & Resorts's highest Price to Tangible Book Ratio was 1.84. The lowest was 0.61. And the median was 1.03.

FRA:HIP's Price-to-Tangible-Book is ranked worse than
58.67% of 842 companies
in the REITs industry
Industry Median: 0.84 vs FRA:HIP: 0.93

A closely related ratio is called PB Ratio. As of today, Park Hotels & Resorts's share price is €15.60. Park Hotels & Resorts's Book Value per Sharefor the quarter that ended in Dec. 2023 was €16.66. Hence, Park Hotels & Resorts's P/B Ratio of today is 0.94.

Park Hotels & Resorts Price-to-Tangible-Book Historical Data

The historical data trend for Park Hotels & Resorts's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Park Hotels & Resorts Price-to-Tangible-Book Chart

Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

0.82

1.01

0.61

0.86

Park Hotels & Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.61	0.62	0.68	0.66	0.86

Competitive Comparison of Park Hotels & Resorts's Price-to-Tangible-Book

For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Park Hotels & Resorts's Price-to-Tangible-Book Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Park Hotels & Resorts's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Park Hotels & Resorts's Price-to-Tangible-Book falls into.

Park Hotels & Resorts Price-to-Tangible-Book Calculation

Park Hotels & Resorts's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	15.60	/	16.472
	=	0.95

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Park Hotels & Resorts Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Park Hotels & Resorts's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Park Hotels & Resorts (FRA:HIP) Headlines

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